Private Equity
Atlanta-based Stonemont Financial Group, a real estate investment firm, has acquired a $1.3 billion portfolio of net lease assets from Oak Street Real Estate Capital. The portfolio consists of 97 office, retail and industrial properties spread across 20 states.
2 min read · 25 August 2017
Praxis Capital has acquired Clarkston, Georgia-based Birch Run Apartments, an 198-unit property for an undisclosed sum. However, Praxis is planning on investing $3 million to renovate and upgrade the property.
2 min read · 22 August 2017
Brennan Investment Group and a client of Arch Street Capital Advisors have launched their fifth joint venture to acquire, own and manage a "substantial"portfolio of industrial properties in the U.S. No financial terms were disclosed. The new venture has already acquired nearly 900,000 square feet of industrial real estate in Dallas, Charlotte, and Green Bay.
3 min read · 21 August 2017
A new entity controlled by KSL Capital Partners LLC and Henry Crown and Co has agreed to acquire Park City, Utah-based Deer Valley Resort, a ski resort. No financial terms were disclosed.
3 min read · 21 August 2017
Trinity Investments and Oaktree Capital Management LP have formed a joint venture that will invest up to $3 billion in hotels in Hawaii, California, Mexico and Japan. The joint venture is planning on investing with institutional and high-net worth partners in these markets.
2 min read · 21 August 2017
AJ Capital Partners has raised over $391 million for its second real estate fund, according to an SEC filing. The target is $500 million. Based in Chicago, AJ Capital owns and operates commercial and hospitality assets.
1 min read · 18 August 2017
Rhodium Capital Advisors and Firm Capital have acquired 462 apartment units in Bridgeport, Connecticut for $30.5 million. Jeffrey Seidenfeld, managing director of Eastern Union Funding, arranged the debt financing for the acquisition while Mark Belsky, a principal at Eastern Union Equity, served as equity investment adviser.
2 min read · 17 August 2017
LaSalle Investment Management Inc has set a new capital-raising target of $1 billion for the fifth of its pan-Asia opportunistic real estate funds, one of which is expected to significantly outperform a target annual return of 18 percent, the unit of Jones Lang LaSalle Inc said on Wednesday.
1 min read · 17 August 2017
Washington, D.C-based Excel Group, a real estate investment firm, has acquired the Hyatt Place Washington DC / US Capitol, a 14-story, 200-room hotel. No financial terms were disclosed.
2 min read · 14 August 2017
The number and value of real estate deals involving private equity funds in the United Kingdom has dropped sharply since the "Brexit" vote to leave the European Union, while transactions in the rest of Europe jumped, data released on Friday showed.
2 min read · 11 August 2017
